10-Q Filing

VISIUM TECHNOLOGIES, INC. CIK: 1082733 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001493152-18-016129`
Period End Date	20180930
Filing Date	20181114
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	vism-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 20 Cash Flow Statement 40

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
Convertible notes payable, net of discount	`DebtInstrumentUnamortizedDiscountCurrent`	-	USD	Point-in-time
Convertible notes payable, net of discount	`DebtInstrumentUnamortizedDiscountCurrent`	$542.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$11.41K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.31K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$325.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.48K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.48K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$11.41K	USD	Point-in-time
Total assets	`Assets`	$11.41K	USD	Point-in-time
Total assets	`Assets`	$5.48K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	10.00B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	10.00B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	23.21M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.70M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$610.63K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$626.58K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.38M	shares	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$155.82K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.38M	shares	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$202.82K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.69M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.71M	USD	Point-in-time
Convertible notes payable to ASC Recap LLC	`ConvertibleNotesPayableToRelatedPartiesCurrent`	$147.97K	USD	Point-in-time
Convertible notes payable to ASC Recap LLC	`ConvertibleNotesPayableToRelatedPartiesCurrent`	$147.97K	USD	Point-in-time
Convertible notes payable, net of discount of $0 and $542	`ConvertibleNotesPayableCurrent`	$1.62M	USD	Point-in-time
Convertible notes payable, net of discount of $0 and $542	`ConvertibleNotesPayableCurrent`	$1.55M	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$270.24K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$270.24K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$567.23K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	-	USD	Point-in-time
Due to officers	`DueToOfficersOrStockholdersCurrent`	$21.00K	USD	Point-in-time
Due to officers	`DueToOfficersOrStockholdersCurrent`	$20.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.53M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.08M	USD	Point-in-time
Commitments and Contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.0001 par value, 10,000,000,000 shares authorized: 26,953,95 shares issued and 13,379,492 shares outstanding as of September 30, 2018 and 23,212,549 shares issued and 9,376,441 outstanding at June 30, 2018 (See Note 6)	`CommonStockValue`	$937.00	USD	Point-in-time
Common stock, $0.0001 par value, 10,000,000,000 shares authorized: 26,953,95 shares issued and 13,379,492 shares outstanding as of September 30, 2018 and 23,212,549 shares issued and 9,376,441 outstanding at June 30, 2018 (See Note 6)	`CommonStockValue`	$1.34K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$40.16M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$40.66M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-45.75M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-44.69M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-5.08M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-4.51M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$11.41K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$5.48K	USD	Point-in-time

Income Statement 20 line items

Line Item	Tag	Value	Unit	Period
Net revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
Net revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$119.99K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$437.03K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$119.99K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$437.03K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-119.99K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-437.03K	USD	1 Quarter
Loss on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$-567.23K	USD	1 Quarter
Loss on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$55.16K	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$100.41K	USD	1 Quarter
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$-100.41K	USD	1 Quarter
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$-622.40K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.06M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-220.40K	USD	1 Quarter
Loss per common share basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	0.35	shares	1 Quarter
Loss per common share basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	0.09	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`EarningsPerShareBasicAndDiluted`	$636.08K	USD	1 Quarter
Weighted average common shares outstanding - basic and diluted	`EarningsPerShareBasicAndDiluted`	$11.55M	USD	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.06M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-220.40K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$268.25K	USD	1 Quarter
Loss on change in derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$-567.23K	USD	1 Quarter
Loss on change in derivative liabilities	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$26.54K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-15.96K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$22.50K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$55.16K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$73.87K	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$58.00K	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$47.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-39.49K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-137.73K	USD	1 Quarter
Repayment of due to officers	`RepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Repayment of due to officers	`RepaymentsOfRelatedPartyDebt`	$1.00K	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$132.80K	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from issuance of short term notes payable	`ProceedsFromShortTermDebt`	$37.50K	USD	1 Quarter
Proceeds from issuance of short term notes payable	`ProceedsFromShortTermDebt`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$37.50K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$131.80K	USD	1 Quarter
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.93K	USD	1 Quarter
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.99K	USD	1 Quarter
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.41K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.31K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$325.00	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.48K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$11.41K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.31K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$325.00	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.48K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Issuance of common stock for conversion of notes payable and accrued interest	`IssuanceOfCommonStockForConversionOfNotesPayableAndAccruedInterest`	$97.31K	USD	1 Quarter
Issuance of common stock for conversion of notes payable and accrued interest	`IssuanceOfCommonStockForConversionOfNotesPayableAndAccruedInterest`	$40.03K	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.